Raymond set to rejig businesses, put professional boards in place, Retail News, ET Retail

The Raymond Team, with passions in textiles, apparels and realty, is functioning toward reorganising its enterprises into 5 core income streams, deploying qualified boards to increase advancement funds in the potential.

Established in 1925, Raymond Team will have 5 concentrated business locations including textile, speedy relocating client merchandise, true estate, instruction and engineering.

“All our boards will be entirely professional in the subsequent 12 months. Our FMCG and producing businesses have by now completed that,” stated Gautam Hari Singhania, chairman of the group, in an unique interaction with ET. “When you have an impartial enterprise with expert boards, you can do so lots of things together with attracting private equity, heading to the community by way of listing or you can training any other alternative available with you to produce value for shareholders at the proper time.”

According to Singhania, the group had to relook at its method immediately after

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